The first increase in Thailand’s Value Added Tax (VAT) in over a decade is expected next year, to 8%, advises BSA Law.

According to a bond market adviser to the Public Debt Management Office, VAT could then gradually increase to the ceiling under Thai law of 10%.

The National Council for Peace and Order (NCPO) recently approved an extension of the current 7% rate for another fiscal year, to 30 September 2015.

The announcement by the NCPO effectively maintains..

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